Report: Obamacare To Cost 'Billions Of Dollars Less Than Originally Projected'

Report: Obamacare To Cost 'Billions Of Dollars Less Than Originally Projected'

Among the GOP's myriad criticisms of the Affordable Care Act, one of
the loudest has centered around the law's price tag. But according to
one report, Obamacare won't be as costly as expected.
The New York Times reported Tuesday that "the government is expected to spend billions of dollars less than originally projected on the law."

The adjusted estimate is a result of the law's Medicaid expansion
and the subsidies for private insurance plans proving less costly than
initially anticipated. According to the Times, economists say that the
law has also benefitted from a weak economy over the last half-decade,
during which time health spending has slowed dramatically.
It still remains unclear if Obamacare's cost-control mechanisms will
work effectively when the economy improves and health spending rises
once again.
Roughly 100,000 people signed up for insurance last month using the troubled online federal health exchange HealthCare.gov.